The Conditional Sale Agreement Property is a crucial document in Singapore's real estate transactions where certain conditions must be fulfilled before the sale can be completed. This agreement type is commonly used when the completion of sale depends on factors such as obtaining financing approval, satisfactory property inspection, or meeting regulatory requirements. It includes detailed terms about the property, payment structure, conditions precedent, and completion requirements, all while adhering to Singapore's property laws and regulations. The agreement provides security for both parties by clearly defining their rights and obligations throughout the transaction process.
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1. Parties: Details of buyer and seller, including identification and contact information
2. Background: Context of the sale and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Purchase Price: Amount and payment terms
6. Conditions Precedent: Conditions that must be met before completion
7. Completion: Terms and process for completion of sale
1. Foreign Ownership Declaration: Required section when buyer is non-Singaporean, including relevant declarations and compliance with Residential Property Act
2. CPF Usage: Section detailing terms relating to use of CPF funds for property purchase, including withdrawal limits and requirements
3. Bank Financing: Section covering mortgage financing terms, conditions, and requirements from financial institutions
1. Schedule 1 - Property Floor Plan: Detailed floor plan of the property including measurements and layout
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and items included in the sale
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and timeline
4. Schedule 4 - Title Search Results: Results of property title search and encumbrances
5. Schedule 5 - Property Tax Statement: Current property tax assessment and payment status
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